MONTHLY SALES COMPARISON

The chart below displays a 13 month moving average of existing single family Lake County home sales in Lake County. The average is 54.77 sales per month. Actual sales for each month are measured against this average. By measuring the pace of sales over time, we can see whether the market is slower than average or accelerating. When sales begin accelerating it could be an indication that home prices will soon firm and begin to rise. If sales are below the average, prices will tend to remain soft. I will update this chart each month in 2008 to help keep you updated on the Lake County real estate market. I hope you find it useful.

 There is currently a 16.25 month supply of homes on the market in Lake County. That is down from 19.52 month supply last month. 

This number is based on the average number of residential home sales per month in the chart above. I will update this home supply number each month as it is another useful indicator of market trends.

Overall, the total number of April '08 residential home sales are down 9.1% from April '07 and the average sale price is down 22.52%.

 

 

 

 

 

 

 

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